Both the Republican and Democratic Parties Are Failing on Deficits

America faces several profound challenges. Most defy easy solutions. And even when an appropriate response is apparent, multinational cooperation is required, as is the case with climate change, migration, weapons proliferation, terrorism and other issues.

On the other hand, budget deficits and the accumulated national debt are within this country’s control. Yet Washington is unwilling to responsibly act. . . .

“We’re just dumping more and more debt on future generations, which is limiting their economic prospects and their policy choices, so it’s generationally very unfair,” Robert Bixby, executive director of the Concord Coalition, a nonpartisan organization advocating for fiscal responsibility, told an editorial writer.